Consolidated-Tomoka Land: 4 Different Insiders Have Purchased Shares This Month

| About: Consolidated-Tomoka Land (CTO)

Summary

Four insiders purchased Consolidated-Tomoka Land stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Two of these four insiders increased their holdings by more than 10%.

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) operates as a diversified real estate operating company in the United States.

Click to enlarge

Insider buying during the last 30 days

Here is a table of Consolidated-Tomoka Land's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Mark Patten CFO March 12-13 500 5,600 shares +9.8%
Jeffry Fuqua Director March 11-13 3,000 10,000 shares +42.9%
John Albright President March 12 1,000 48,900 shares +2.1%
Thomas Warlow Director March 12 500 2,700 shares +22.7%
Click to enlarge

There have been 5,000 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Consolidated-Tomoka Land's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
March 2014 5,000 0
February 2014 0 0
January 2014 0 0
December 2013 1,500 0
November 2013 0 0
October 2013 0 0
September 2013 600 0
August 2013 1,500 0
July 2013 0 0
June 2013 0 10,000
May 2013 1,000 5,000
April 2013 0 0
March 2013 2,300 21,700
February 2013 0 0
January 2013 0 0
Click to enlarge

There have been 11,900 shares purchased, and there have been 36,700 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.

Financials

Consolidated-Tomoka Land reported the full-year 2013 financial results on February 11 with the following highlights:

Revenue $25.8 million
Net income from continuing operations $2.6 million
Cash $4.9 million
Debt $63.2 million
Book value $20.53 per share
Click to enlarge

The four insiders purchased their shares after these results.

Consolidated-Tomoka Land has grown revenues since 2011.

Outlook

Consolidated-Tomoka Land's 2014 guidance is as follows:

EPS $1.00-$1.10
Acquisition of Income Producing Assets $50-$60 million
Target Investment Yields 6%-9%
Click to enlarge

Competition

Consolidated-Tomoka Land's competitors include Alico (NASDAQ:ALCO), AV Homes (NASDAQ:AVHI), and Forestar Group (NYSE:FOR). Here is a table comparing these companies.

Company CTO ALCO AVHI FOR
Market Cap: 210.76M 274.08M 416.92M 640.54M
Employees: N/A 154 112 N/A
Qtrly Rev Growth (yoy): 1.30 -0.30 0.22 0.44
Revenue: 25.84M 95.29M 122.67M 331.05M
Gross Margin: 0.59 0.22 -0.36 0.28
EBITDA: 9.76M 18.99M -61.46M 85.34M
Operating Margin: 0.27 0.09 -0.53 0.17
Net Income: 2.56M 17.90M -82.05M 29.32M
EPS: 0.64 2.44 -6.04 0.80
P/E: 56.91 15.29 N/A 23.16
PEG (5 yr expected): N/A N/A N/A 3.44
P/S: 8.12 2.87 3.32 1.93
Click to enlarge

Consolidated-Tomoka Land has the fastest revenue growth among these four companies.

Here is a table of these competitors' insider activities during the last six months.

Company Insider buying / shares Insider selling / shares
ALCO 0 2,000
AVHI 0 0
FOR 0 0
Click to enlarge

Only Consolidated-Tomoka Land has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Consolidated-Tomoka Land, and there have not been any insiders selling Consolidated-Tomoka Land during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Consolidated-Tomoka Land has an insider ownership of 1.48%.

The four insiders purchased their shares at prices ranging from $36.01 to $36.43. I believe Consolidated-Tomoka Land could be a good pick below $36.50 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CTO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.